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't know it. look at the leadership that we have leading us. i mean, it's like lemmings. come on. >> all right. that's what's being said right now. joining us from capitol hill is nbc news correspondent mike viqueira. we have some elements from what we understand to be a deal at the moment. what would you say the mood is right now? what are some of the other details? break it down for us. >> richard, it's funny. at this point we're stuck sort of reading tea leaves. yes, we've had indications with more detail than we've got in days on what the outlines of that deal might be. but i got to tell you any deal if it were to pass both houses of congress here in the last 12 hours before midnight would carry with it the seeds of further confrontation and not that much further down the road. maybe two, perhaps three months. let's take a look one more time at what is being discussed now. mitch mcconnell and joe biden talked into the wee hours until 12:30 last night and 6:30 this morning. $450,000 as the threshold for couples, $400,000 for individuals over which your taxes would go up about four per
ederter for politics and news at yahoo! news. she has become a weekend pal. thanks for being back with us, both of you. let's start with the debt limit, we're talking about the debt limit, again. do republicans believe this is their ace in the hole? >> i sure hope they don't. i think the president has the stronger hand on this. number one, he won the election. we're all discussing that. he has the stronger hand in general. the other thing is that everybody remembers what we went through two summers ago. the summer of 2011 when the nation went through default. people felt that the president handled the situation badly, but they felt the republican congress was much worse in that particular negotiation. i don't think the republicans in trying to reestablish their brand want to get back into that fight and look like they want to have the ability to hold up the debt ceiling and then potentially bring the nation back to the edge of default, again. >> i want to play a snippet here of what majority leader harry reid said this week said about the fiscal. >> we would be somewhat foolish to work ou
to play the blame game. this is about to put us over the edge. >> perry, i want to start with you. if perception is reality and the blame is going to matter to somebody, which side is it really going to matter to? ivities the blame is on both sides. what's driven this whole process is republicans are very opposed to -- just the republicans who will vote for any tax increase. we learned last week from the plan b vote. once we go over the cliff, republicans are ready for a tax cut, not an increase. right now that's what the big challenge is. >> chip, is that the biggest strategy here, get to the third and pass the third, the new congress comes in, boehner danger doesn't exist anymore, his speakership stays in place and grover norquist gives a thumbs up to up? >> i don't think that was the strategy a week ago. i think the speaker was trying to put the deal together, as we've seen the senate not -- i think that may become the strategy. i've always thought they would wait until the last hour, put a band eight on it, but wait until the iii so they can vote for a tax cut makes sense as w
republicans used words like stalemate and nowhere to go describe the current state of play. others within their party are taking it one step further telling americans they should be prepared for the punch. >> i thank the president and tim geithner for re-energizing the republican caucus. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. >> with both sides looking like they are dig in but cementing in and the calendar page ticking down what does it take to play let's make a deal. >> let's see how big yours is versus mine in the earnings of their plans. >> everybody should just go to sleep, wake up on december 14th when there's about a week to go and then you'll start seeing the serious stuff come up. >> we've all been trying to game this out too. will we be here between christmas and new year's. will members be decorating their offices for 2013? >> okay. let's get started here this monday morning and joining me is congresswoman allison schwartz a member of the house budget committee. greet to have you with me. it was boehner versus geithner
out. craig? >> republicans are going to have to show a little more ankle. i'll be using that. mike viquiera, from 1600 pennsylvania, thank you, good sir. so will a deal get done by the january 1st deadline? here's what one prominent republican senator had to say this morning. >> i think we're going off the cliff. it's pretty clear to me they've made a political calculation. you can limit deductions to $40,000, $50,000 a person which takes care of the middle class, upper-income americans will lose about $800 billion in revenue. the president's plan when it comes to entitlement reform is quite frankly a joke. i don't think they're serious about finding a deal. >> joining me are our special panelist of journalists, anna marie cox and karen tumblty, a political reporter for the "washington post." good sunday afternoon to both of you. >> anna marie, let me start with you. for about two days after the election, everyone is holding hands, singing kumbaya. no one is singing any more. all of that optimism seems to have disappeared. we're hearing more lawmakers saying publicly, we just heard
a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service for the late u.s. senator from daniel inouye. >> white house correspondent kristen welker. kristen, obviously they always say the white house travels with the president wherever he is. that's where the white house is. the president, though, is enjoying vacation, but still continuing to keep tabs on the fiscal cliff negotiations, correct? >> he is. white house officials describe this as a working vacation. i think there have been maybe a few conversations at the staff level about the fiscal cliff, but the reality is, thomas, the negotiations have largely stalled. you remember president obama on friday urging lawmakers to take this time off to really cool off, come back later this week with a appreciate perspective. i think you're going to see the hard work, the real negotiations resume when lawmakers go back into session after the christmas holiday. now, last week it seemed as though president obama, house speaker john boehner we
Search Results 0 to 5 of about 6